Hungary balance of trade

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Hungary balance of trade: 1146 (-34.5%)
Last Update: June 30, 2024

Hungary balance of trade closed down 1146 as of June 30, 2024 from 1749.52 from the previous month and 1566.86 from last year.


Hungary balance of trade Analytics & Data




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Hungary balance of trade

DateValues
2024-06-30 1146
2024-05-31 1749.52
2024-04-30 1569.67
2024-03-31 1569.67
2024-02-29 1690.64
2024-01-31 582.56
2023-12-31 -270.89
2023-11-30 1504.84
2023-10-31 1003.25
2023-09-30 1396.99
2023-08-31 655.36
2023-07-31 565.19
2023-06-30 1566.86
2023-05-31 1219.33
2023-04-30 375.38
2023-03-31 997.89
2023-02-28 525.31
2023-01-31 -346.44
2022-12-31 -168.29
2022-11-30 -1395
2022-10-31 -909.7
2022-09-30 -737.5
2022-08-31 -1577.63
2022-07-31 -1314.3

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Hungary balance of trade Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
balance of tradehu.balanceoftrade1146.01749.52-34-27UPDown682024-06-30

Hungary balance of trade Factors

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Hungary balance of trade Historical Data

The MacroVar database offers free access to historical data for the Hungary balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Hungary balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Hungary balance of trade

The balance of trade in Hungary refers to the difference between the value of exports and imports of goods and services in the country. A positive balance of trade occurs when the value of exports exceeds that of imports, resulting in a surplus. On the other hand, a negative balance of trade occurs when the value of imports exceeds that of exports, leading to a deficit. A balanced trade is important for the economy as it can impact the country's currency value, inflation rates, and overall economic growth. Hungary's balance of trade is influenced by various factors such as the strength of the domestic economy, global demand for Hungarian goods and services, exchange rates, and government trade policies. Keeping a favorable balance of trade is crucial for sustaining economic stability and growth in Hungary.

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